BELLEVUE, Wash., Sept. 27, 2016 /PRNewswire/ -- Icertis, the leading provider of enterprise contract lifecycle management in the cloud, today announced that Microsoft has implemented and standardized on the Icertis Contract Management (ICM) platform to globally manage its Enterprise Volume Licensing and OEM agreements. A key driver for Microsoft's selection of ICM was the need to handle peak periods for the company's rapidly growing worldwide cloud business. Deployed on Microsoft Azure, ICM delivers unprecedented contracting velocity, reducing contract cycle times from 90 days to 15 days and generating up to 175 agreements per minute.
"With the Icertis Contract Management platform, we are providing our sales team with a robust, hyper-scale contract management solution to handle the high quarter-end and year-end volumes," said Tony Ulkekul, Head of Enterprise Commerce Engineering at Microsoft. "Leveraging the meta-data from Microsoft CRM, the Icertis platform automatically generates complex, multi-page, multi-clause licensing agreements in multiple languages and geographies with unprecedented speed and precision."
The powerful combination of Microsoft Azure's auto-scaling, coupled with ICM's ability to handle high concurrency loads, ensures smooth handling of surges in demand when salespeople rush to get sales agreements signed.
"Licensing agreements are the most important contracts in any software company. We are very excited that Microsoft selected and standardized the management of all its global Enterprise Volume Licensing and OEM agreements – which annually generate over $60 billion in revenues - on the Icertis Contract Management platform," said Samir Bodas, Co-founder and CEO of Icertis. "It is a testament to Microsoft's strategic commitment to work with, and count on, its cloud partners!" he added.
Icertis is the leading provider of contract lifecycle management in the cloud. Icertis Contract Management (ICM) is an innovative, easy-to-use platform that is highly configurable and continually adapts to complex business needs. Today, ICM is used to manage 2+ million contracts, by 500,000+ users, in 90+ countries and 40+ languages. With its intelligent workflow and built-in analytics, ICM provides ongoing contractual insights and best-of-breed contract management. ICM enables customers to increase compliance, improve governance, mitigate risk and enhance user productivity, thereby maximizing ROI and accelerating time to value across the global enterprise. For more information, visit www.icertis.com
Icertis Media Contact:
Barokas Public Relations for Icertis